You'll need to hire outside vendors for these items.

I then came in to correct all those items.

I tend to believe that off-street parking appeals to tenants slightly higher up the economic ladder, but for many I don't think it is a big item on their priority lists.I personally would only do off-street parking.

Otherwise, I will foreclose, get the property and re-sell or rent the property.Knowing what you know now...given that you have the experience, what due diligence items do you need to have for you to feel comfortable buying these NPNs?

If you break out each item its really, really easy to say "that's too much, I'll trim that" and then you're down to 30% of rents.Even brand new roofs and furnaces need replacement someday.

Remove those 2 items and R&M is $5202.However, I question why seller would sell the year after incurring such an expense?

.): $450All-In Amount after Paying off Private Lender and Refi's Closing Costs: $49,000Cashout Refi Loan in 30 days through Private Bank: $56,000Cashout from Refi back in my pocket: $7,000ARV: $85,000Equity Capture (after Cashout Refi): $29,000Cash-on-Cash ROI: InfiniteFor all the first-time investors out there, stay persistent and fight on because the deals will come!

The buyer closes on his HUD-1, sale price is 27K with costs of assignment as a separate line item of 10K.

The items need to be repaired/replaced to bring this to a C4 or better condition before we can close on it.

Most IRA custodians will make you hire an outside property management to handle these items, as well as paying the bills.